Well well, another anti-capitalist op-ed from Bloomberg. The least surprising thing I've read today. "Recent events suggest their [Redditors] suspicion that t

Well well, another anti-capitalist op-ed from Bloomberg. The least surprising thing I've read today. "Recent events suggest their [Redditors] suspicion that the decks are stacked against them is justified – which is a terrible look for capitalism." Insiders profiting from private knowledge is hardly unique to capitalism. I think the author should check out China over the last 20 years to see truly stunning examples of insider profiteering. Feels more like the author wants to fill out their 2021 finance article bingo card than make a real connection here. "[Insiders] also increased their buying and selling in the gaps between audit reports being produced for company boards and being made publicly available, and exploited rules governing scheduled trading schedules for profit." I mean - insiders are required to schedule their trading activities ahead of time. There are whole groups of people who's trading strategies revolve around reading those disclosures and make the same trades. And of course a little bit of the 2021 media's favorite tactic: "guilty until proven innocent" "And while they said the trades were within the central bank’s rules, both are being scrutinized further. “We’re looking carefully at the trading that was done to make sure that it’s in compliance with our rules and with the law,” Fed Chairman Jerome Powell told the Senate Banking Committee." So wait, no concrete evidence their trades were against the rules, but Bloomberg will publish this hit piece anyways. "And the growing prevalence of the fastest-growing companies staying off public markets and funding their expansion instead with private capital keeps them out of the portfolios of retail buyers, further stoking suspicion that the covenant between capitalism and society is asymmetrical and biased against individual investors." What....? Loads of IPOs this year. And for those that are still private, or eschewing the public markets for whatever reason: no private company has an obligation to give Joe Retail Investor the ability to buy and sell shares of the entity. Bloomberg has really become a joke.